The successful presidential campaign and a subsequent ascension of President Donald J. Trump brought to the fore details of his local and foreign business partners. It emerged that President Trump, the former no-nonsense real estate mogul, had a business partner in Dubai, who shared a lot of characteristics with him. This partner is Hussain Sajwani, a self-made billionaire who is heavily invested in real estate both in and outside Dubai.
His Education and Career
Sajwani attended the University of Washington where he graduated with a degree in Economics. Upon his graduation, Sajwani worked as a contracts manager in GASCO. He soon left his employer to form his own company Draieh Management Services Co (DAMAC) which was later re-branded to become the DAMAC Group. In 1992, he established DICO Invest , which is an investment company holding portfolios of securities that are traded in different global markets. Other ventures in which he has substantial stake include Al Jazeira Services Co SAOG, Al Ahlia Insurance Company, Global Logistics Services Co. and Al Anwar Ceramics Co SAOG.
His Relationship with President Trump
Sajwani is often referred to as the Donald Trump of Dubai because of the fact that both of these business moguls are heavily invested in the real estate industry. Hussain Sajwani is one of the major business partners that have done business with the Trump Organization. This real estate billionaire enjoys a personal and cordial relationship with the president’s family. He has interacted with Eric, Donald Jr. and Ivanka both in business and social gatherings. Sajwani has intimated that he intends to continue his business relationship with Trump Organization, which is now under the leadership of Trump’s oldest sons.
DAMAC Business Ventures
The DAMAC Group traces its origin during the first Iraq war when the company offered food service to the United States Army. Although the company has gone forward to focus most of its business pursuits around real estate properties, Hussain Sajwani posits that the food business is still an integral part of DAMAC Group. Today, DAMAC Group is considered to be the largest luxury private real estate developer in Dubai and the wider Middle East.
Hussain Sajwani, through his company DAMAC Group believes in giving back to the society. In 2013, the company donated over AED two million, which was to be used to clothe over one million needy children.